Village Roadshow completes retail component of fully underwritten entitlement offer

Company News

by Anna Napoli

Last Movement
$3.970 -$0.031 -0.77%
Data Source:
Last Updated: 17/02/2020 12:39 PM

Village Roadshow (ASX:VRL) has today announced the successful completion of the retail component of its fully underwritten entitlement offer.

The company says $15.7 million in gross proceeds were raised under the retail component.

The entitlement was well supported with a 63 per cent take up rate by eligible shareholders.

Completion of the retail offer represents the final stage of Village Roadshow’s offer to raise about $51 million.

New shares under the offer will rank equally with existing Village Roadshow shares from the date of their issue.

Village Roadshow (ASX:VRL) is trading 1.59 per cent higher to $1.92. 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.